Banks to issue guarantees to Thai True Corp for 4G licence

February 18, 2016 6:01 AM

8
0

BANGKOK Feb 18 Several Thailand-based banks will issue bank guarantees to True Corporation Pcl to pay for one of two 4G licences it won in recent auctions, three people close to the deal said on Thursday.

True Corp, Thailand's largest fully integrated telecoms service provider, won two 4G licences with a combined value of $4.2 billion and analysts have said that they were concerned about financing.